Lancashire Mortgage Corporation launches best ever bridging range
By Bridging Loan Directory -
The bridging range has rates starting from 0.75% and no exit fees, and gives customers the choice to repay their loan over three, six or 12 months, so it can be tailored to suit clients’ specific needs.
Customers can borrow up to 75% of the value of the property with interest roll-up and payment deduction options also available on the 12 month product.
Gary Bailey, Director said:
“We listen carefully to our broker partners and this new range of bridging finance products was developed as a direct result of their feedback.
“As a market leader we recognise that these new products reflect the ever increasing uses and demand for short term bridging finance, as well as buy-to-let and auction purchases.
“We have recently secured £100m of additional funding, and with a strong appetite for growth we want to ensure our brokers have the right products that suit their clients, and help them to convert more business.
Lancashire Mortgage Corporation is the commercial lending division of the Blemain Group.
It provides commercial mortgages, buy-to-let, land finance and first and second charge bridging finance.